rsi 27
Responses (1)
Question is not clear. Do you mean that on the technical analysis the RSI is 27? If yes => RSI does not indicate whether a stock/index etc is cheap or not, it tells you if a company stock/index/commodity etc. is oversold/overbought. Even so, an RSI of 27 is not so oversold, it should come closer to 20. There is no technical analisys indicator to tell you is a stock is under/overvaluated. You need to look into more complex teritory of profitability indices and industrty averages/outlook. Generally it is the P/E ratio that could give some hints correlated with net assets/share. But of course you will need to go further. You can find a very attractive P/E ratio with a very low current assets/liabilities ratio & high gearing - which is quiite risky, thus the 'attractive' price